Some regulatory actions, though mostly hailed as corrective measures, caused the market to take a U-turn to a persistent decline. Market experts say it is the doing of a handful of influential people who have been penalized. In the last few sessions, the market's fall accelerated and on Tu
Stocks on Tuesday extended its losing streak as the risk-averse investors preferred to book profit on quick-gaining shares. DSEX, the key index of the Dhaka Stock Exchange (DSE), closed the day with 11.83 points down and settled at 5,323.22 points. The DS30 index, comprising blue chips, fell 3.01
Stocks opened lower in early trading Tuesday, as major stocks plunged. The prime index of the Dhaka Stock Exchange (DSE) went down by 33.84 points or 0.63 per cent to 5,301 within the first one and half hours of trading at 11:36 am. The blue-chip DS30 index, a group of 30 prominent companies, als
Emerald Oil Industries experienced an astounding 508 per cent stock price hike in the five months to July 12 last year, which, according to the Dhaka bourse, was the outcome of purposeful price sensitive information. On several occasions, the information did not lead to the results intended. The
A task force has been formed with university professors, chartered accountants, and professionals to identify reasons as to why the equity market is insignificant in size compared to the country's gross domestic product. They will recommend ways to expand the market and other reforms necessa
Members of the armed forces and other law enforcement agencies will help Bangladesh Securities and Exchange Commission (BSEC) in ensuring its security. BSEC Chairman Khondoker Rashed Maqsood held a meeting with the representatives of armed forces and different law enforcement agencies in this rega
Stocks opened lower in early trading on Monday, with low participation of investors, as the investors were mostly reluctant to invest in shares to avoid further capital erosion. Following the major setback in the previous day, the prime index of the Dhaka Stock Exchange (DSE) went down by 30 point
The yields on two types of treasury bills (T-bills) fell slightly on Sunday as banks expressed willingness to invest their excess liquidity in short-term securities. The cut off yield, generally known as interest rate, on the 91-day T-bills came down to 11.45 per cent on the day from 11.48 per cen
Poor performance of the stock of Islami Bank Bangladesh coupled with the erosion of other blue chip stocks caused a sharp fall of the broad index of the Dhaka Stock Exchange (DSE) on Sunday. Islami Bank's decline on the bourse itself wiped out 29.3 points of the DSE broad index DSEX. The day's se
Bangladesh Submarine Cables showed a 23 per cent year-on-year reduction in revenue and more than 34 per cent profit erosion in FY24, compared to the previous year. According to the financial statement of the state-owned voice and data bandwidth service provider, the revenue fell mainly due to lowe
The newly-appointed chief of the prime bourse emphasizes the need for capacity building for changing the dynamics of the market. The foremost job of the board of the Dhaka Stock Exchange (DSE) should be to take over the responsibility of approving IPO proposals. "It's not the job of the s
The Summit Power International Limited (SPIL) has made an urgent plea to the government to remove Summit Group from the list of companies in a recent notice of the taxman suspending transfer of share. Incorporated in Singapore, the SPIL made the plea in a letter, dated 04 October 2024, sent to the
The Central Pharmaceuticals has misled regulators and investors in various ways, including providing inaccurate information about its financial status, according to an inspection by the Dhaka Stock Exchange (DSE). The loss-making company's manipulated financial statements concealed significant dis
